Guideline Value for Nanganallur Co-operative Housing Society Colony 13th Street

Nanganallur Co-operative Housing Society Colony 13th Street guideline value

The current guideline value for Nanganallur Co-operative Housing Society Colony 13th Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village under the Alandur SRO and is classified as Residential Class I Type - III.

How the guideline value of Nanganallur Co-operative Housing Society Colony 13th Street has changed

The guideline value for this street has undergone several revisions over the years. In 2007, the value was Rs 1,250 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012, marking a rise of 180%. However, between 2012 and 2017, the value decreased to Rs 2,345 per sq.ft, a drop of 33%. The value then increased again to Rs 3,500 per sq.ft in 2023, representing a 49% increase from the previous revision.

As of 1 July 2024, the guideline value stands at Rs 3,900 per sq.ft, reflecting an 11% increase from the 2023 revision. It is important to note that the register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median value is Rs 3,900 per sq.ft, which is equal to the guideline value for Nanganallur Co-operative Housing Society Colony 13th Street.

• Nanganallur Co-operative Housing Society Colony 12th Street: Rs 3,900 per sq.ft (2024)
• Nanganallur Co-operative Housing Society Colony 11th Street: Rs 3,900 per sq.ft (2024)
• Nanganallur Co-operative Housing Society Colony 10th Street: Rs 3,900 per sq.ft (2024)
• Nanganallur Co-operative Housing Society Colony 1st Main Road: Rs 5,000 per sq.ft (2024)
• Nanganallur Co-operative Housing Society Colony 1st Street: Rs 3,900 per sq.ft (2024)
• Nanganallur Co-operative Housing Society Colony 2nd Main Road: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Nanganallur Co-operative Housing Society Colony 13th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value is Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total fees together to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nanganallur Co-operative Housing Society Colony 13th Street?

The Nanganallur Co-operative Housing Society Colony 13th Street falls under the jurisdiction of the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Adambakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Adambakkam. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory for property transactions.

When a property is sold, the guideline value helps determine the amount of tax payable, ensuring that all transactions are conducted transparently and in accordance with the law. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Nanganallur Co-operative Housing Society Colony 13th Street?

The current guideline value for Nanganallur Co-operative Housing Society Colony 13th Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,250 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 212% over the years.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Nanganallur Co-operative Housing Society Colony is 7% of the guideline value or the sale price, whichever is higher.

Where is the Alandur Sub Registrar Office located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Nanganallur Co-operative Housing Society Colony 13th Street?

Nanganallur Co-operative Housing Society Colony 13th Street is classified as Residential Class I Type - III.